Float % spilt between Exchange and Bookies

Hi

I have been match betting for 2 weeks now, and I have started with a fair small float and wondered what people suggest how I spilt my float betting my exchange account and my bookies account?

For example, If I had £500 float, should I have £50 for bookie and £450 in my exchange?

Or a more even spilt?

Want to be able to do as many offers as I can without having to transfer money back and forth to exchange account

Cheers in advance

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Boyce25Road
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September 21, 2016 at 7:40 am

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deathstar 25 September 21, 2016 at 9:13 am

£500 is more than enough to start with, providing you start with the smaller offers and work your way up. I would keep as much back as you need for the offer you are doing and the rest in the exchange, its hard to say definitively because it depends on the offer and what odds you are going for. It also depends on whether your bets win or lose – you will definitely have to move money around, its the nature of the thing.
Assuming you are doing something like bet £25 get £25, you would need around £50-£70 in the exchange for the qualifying bet, then another £150-£300 in the exchange for the free bet (depending on odds taken). If both of these bets win, then most of the money will be in the bookie account and no matter how specifically you broke down your float into which percentage goes where suddenly becomes irrelevant.
Again, when you are just starting out you will find the thing that slows you down the most is moving money about and waiting for withdrawals. Skrill and paypal accounts speed this up, but most bookies won’t accept them for sign up bonuses, so most of the time its a waiting game.
HTH

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sleepless 8 September 21, 2016 at 1:03 pm

Do you reckon the longer you can keep a good balance in the bookie without withdrawing reduces chance of gubbings?.

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Tony 12 September 21, 2016 at 1:10 pm

As usual, @deathstar spot on, although a lot of bookies DO allow PayPal in my experience. It is FAR quicker (hours) than using a debit card to deposit and then waiting for withdrawals to hit bank accounts (3 – 5 days)

@sleepless – Yes

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FoG_BLoG 47 September 21, 2016 at 3:01 pm

Sleepless it might be a factor in gubbing. Some ppl think making a big withdrawal could trigger a review of your account.

But it’s not worth tripping yourself up or tying a huge amount of money up in the bookies.

I withdraw all the time.

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